European stocks hit 5-month high as British parliament postponed Brexit

European stocks rose Friday, extending their gains for a third straight session, after the British parliament voted to postpone the country's break-up from the European Union (Brexit) for at least three months to avoid the country's a chaotic exit. 

As of 08:42 GMT, Stoxx Europe 600 rose 0.3%, its highest level since last October, and ended yesterday's session up 0.8% in the second daily gain in a row, as investors assessed the vote developments on Brexit .

Stoxx Europe Index rose Friday morning to continue its gains for a third consecutive session, hitting its highest level in five months, with most of the major stock markets and sectors in the green.

Mining, core resources and auto manufacturing sectors are leading the list of gainers in Europe following a report on further progress in US-China trade talks.

In London, the FTSE 100 rose nearly 0.6%, leading the gainers list in Europe after the British parliament voted yesterday to approve a proposal to extend the European Union's deadline for leaving the country after March 29.

The british government, led by PM Theresa May, has put forward a proposal to postpone the Brexit until June 30 if parliament approves its agreement with the European Union before March 20 or delays.

Meanwhile, S&P 500 futures rose 0.25%, while ending yesterday's session down 0.1%, the first loss in four sessions, with relative activity of the profit barrier.

Euro Stoke 50 rose 0.35%. as in France, CAC 40 index gained 0.3%. In addition to Germany's DAX adding more than 0.1%.